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AFTER: A photo taken Thursday, Jan. 5, 2012, shows the former site of Elin Nordegren's $12 million mansion in North Palm Beach. The home was demolished after the ex-wife of Tiger Woods reportedly decided to build her own dream home.

Bought a year ago for $12.3 million, the oceanfront mansion owned by the former wife of Tiger Woods has been demolished and she is building a new house on the lot in the exclusive Seminole Landing development near North Palm Beach.

"It was a beautiful place, incredible landscaping, fantastic ocean frontage," said Realtor John True, who was at the house on Halloween for a charity event after work had begun.

"I heard that the original plan was to renovate. But once they started, I heard they decided to tear it down."

Elin Nordegren is living in the San Remo condominiums, an oceanfront development in Juno Beach, while her new home is being built, according to local officials who asked not to be named.

Palm Beach County issued the demolition permit on Dec. 16 and it is active until June 17, records show.

The 17,000-square-foot house, built in 1932, was two stories, with eight bathrooms, an in-ground pool and an elevator.

Seminole Landing is on the east side of U.S. 1

just north of PGA Boulevard in unincorporated Palm Beach County, according to county records.

The 77-acre development is among the top five most exclusive communities in Palm Beach County, said True, owner of Oceanfront Realty in Juno Beach.

The gated development is the home of the private Seminole Golf Course.

The course, built in 1929, was rated the 13th-best golf course in America last year by Golf Digest magazine. No Florida course ranked higher.

Most of the houses in Seminole Landing are on at least 1 acre.

A listing for a house on the same street as Nordegren has an asking price of $18.9 million.

The contractor for the demolition and construction of Nordegren's new house is Onshore Construction & Development. Company founder Dan Reedy declined to comment.

Nordegren, 32, divorced Woods in 2010 after evidence emerged he had affairs with a string of women during their five-year marriage.

She has custody of their two young children.

Woods still lives in the couple's former home in Orlando while his luxury home on Jupiter Island is being completed.